Updated almost 6 years ago on . Most recent reply
What would you do BRRRR OR SALE?
My business partner and I purchased a SFH, in Lubbock TX for $100k, the Rehab is $40k, the ARV is $210k - $230k. The Issue I am having is my partner is an older gentleman and kind of set in his ways, he is accustomed to fix and flipping even if he holds on to the property for a year. I suggested we do the BRRRR method but he is very apprehensive. What should I do in this situation?
Most Popular Reply
@Wes Barnes
Making a business partner satisfied could be better than picking the perfect strategy. Sell it, be happy with your profits, move on to the next deal. And keep your relationship with him/her happy so that if you ever need financing or advice, they can help.